Weekly is overextended and need a correction. We have seen some selling pressure in the last of couple days.
Let's see what the price does. I will wait for 9am EST news before taking any trades.
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It made a third touch at my resistance so im assuming it should drop to my TP level ,my analysis speaks for itself,and if it does break my resistance I'll be waiting for it to reach another major resistance to sell even harder
my view on eurjpy possible sells. The price is at a critical supply level . The beak of structure on min timeframe, price the went up to collect momentum.
Big EURJPY short tracking it all the way down to 141.371.. I think the move in EURJPY was overxtended in the past few weeks and some correction is due. This is more of a swing trade. I actually managed to enter a bit earlier in the trade at 144.195 and will hold and trim according to my plan. see screenshot here of entry snipboard.io The EURUSD is usually weaker...
EURJPY is accumulating around 143.85 - 144.25 horizontal resistance. The price has already set 3 equal highs respecting that. Taking into consideration that the pair is trading in a strong bullish trend, I believe that we will see a breakout attempt soon. Wait for a breakout of the underlined yellow zone, daily candle close above that will confirm a...
Pivot Point: 143.2 Currently: Resisted at 142.5 and retraced back to 142.0 Reaction: Consolidating at this 143.5 level , its next support zone is at 144.0 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!!...
With my key level at 143.000 area, I have a strong feeling that the tendency for a bullish continuation is going to happen as long as we do not have a breakdown/retest of the bearish trendline identified on the 1H time frame. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not...
- Currently EURJPY has a short UPSIDE BIAS. Maybe it can REACH 145.780 LEVEL. 145.780 is a very good RESISTANCE limit. - Some of the news coming in for the EURO will help strengthen the EURO. Here the EURJPY TRENDLINE is very well priced and the price goes up. - Anyway the price goes to the area I mentioned and its trend line If one BREAK, the EURJPY price...
EJ has repeatedly retested the 144 zone and has failed every time, forming a triple top along with a bearish trend. I believe price will fall down to around the 140 area before any bullish reversal happens. Remember, risk management is KEY.
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Helo trading view community Bullish idea Entry: 143.06 SL: 142.61
hi guys, straight to the business and i will say it feels good to be back on this. Eurjpy gave a bearish vibe in the pass few week with what seems to be a double top at a key R zone that coincide with the freshest HH, but with price triggering back up i see the bulls targeting R2 if the manage to close above the Hh. finger crossed, looking to long the pair tho
Looks like 144.00 has blocked this pair to continue to be higher at this moment and will be at least a corrective down move may be seen. If pair goes back to the zone between those two pink rays, I would need to see how the setup shows for me to short this pair. If it is a correction only, will expect to go back to 139.50-139.00 area. If it is a further down move,...